NOT LISTED FOR SALE

42 N Pearl St Salinas, CA 93905

East Salinas Neighborhood
5 Beds
4 Baths
2,338 Sq Ft
10,202 Sq Ft Lot

Last Sold April 23, 2021

Last sale price $775,000 $331 Per Sq Ft

7 Days on Market

Highlights

  • Traditional Architecture
  • Washer and Dryer
  • 2-minute walk to La Paz Park
  • Tile Flooring

About This Home

As of April 2021

Income Multi Family Real Estate Opportunity - 4 Units - Separately, Gas metered. Main Home Is a 3 Bedroom 1 Bath with Washer and Dryer. Two Car Garage and long Driveway for all parking. In Addition it includes ,2-Studios(Occupied) and a 2 bedroom 1 Bath Unit - Vacant. Below is unit Mix for Clarity: *3 Bed 1 Bath Single Family Home w/ Washer and Dryer-Vacant *Studio -Occupied *Studio-Occupied *2 Bed 1 Bath - Vacant. All Units have Kitchen's and Full Bathrooms, Property has a lot of upside where you can either lease all vacant units to Market Rent, or Live in Main Home while you Manage your rental income potential.

Last Agent to Sell the Property

Jose Belman

Priority Real Estate License #01847115 Listed on: 03/15/2021

Last Buyer's Agent

Miguel Rubio

Remax Property Experts License #01844476

Property Details

Home Type

  • Multi-Family

Year Built

  • 1940

Lot Details

  • 10,202 Sq Ft Lot

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 2,338 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Gas Oven
  • Washer and Dryer

Flooring

  • Laminate
  • Tile

Utilities

  • Wall Furnace
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $10,800

Community Details

Overview

  • 2,338 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $900
  • Utility Expense $200
  • Trash Expense $200
  • Operating Expense $1,942
  • Gross Income $10,800

Property Details

Home Type

Multi-Family

Year Built

1940

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-1
  • Subclass: Fourplex
  • Style: Traditional
  • Age: 81
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2338
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Kitchen: Appliances - Vary By Unit, Hookups - Gas, Oven Range - Gas
  • Living Sq Ft: 2338
  • Stories: 2
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Laminate, Tile

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Drive Through, Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.2342
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10200.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 60.19
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Gas Meters, Public Utilities
  • Expense Insurance: 900
  • Expenses Total: 1942
  • Expenses Utility: 200
  • Expense Trash: 200
  • Income Annual Gross: 10800.00
  • Income Annual Rental: 10800
  • Income Gross Scheduled: 10800
  • Meters: Master Water, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Rent Only

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $775,000 +19.2% $331 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $650,000 -- $278 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jose Belman

    Priority Real Estate

    Section Image

  • M

    Buyer's Agent in 2021

    Miguel Rubio

    RE/MAX

    Section Image
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Map

Source: MLSListings

MLS Number: ML81834121

MLSListings

APN: 004-074-027

California Monterey County Salinas 93905 East Salinas

42 N Pearl St, Salinas, CA

This home is located at 42 N Pearl St, Salinas, CA 93905 since 15 March 2021. This property was built in 1940. 42 N Pearl St is a home located in Monterey County with nearby schools including Sherwood Elementary School, Los Padres Elementary School, and Washington Middle School.

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